US Dollar Technical Outlook: Dip Bringing Trend Support into Play
The DXY is selling off a bit and has an important threshold of support in play; levels and lines to watch in the days ahead.
Omicron Impact on Markets to Wane | Sentiment Webinar
Trader confidence has been hit hard by the spread of the Omicron variant of Covid-19 but indications that its effect on people is mild should allow stocks and other vulnerable…
USD Buying Picks Up Prior to Omicron Scare, CAD Flips Net Short – COT Report
USD net longs boosted ahead of Omicron concerns. CAD tracking oil lower.
Gold Price Outlook: Struggling to Break Higher Despite Renewed Risk-Off Sentiment
Gold is back below $1,800/oz. despite a renewed sell-off in risk markets as Moderna CEO warns of potential Omicron vaccine struggles.
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Sep 22, 2021 when USD/CAD traded near 1.28.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
British Pound (GBP) Price Outlook: EUR/GBP Rally May Run Out of Steam
The past week’s rally in EUR/GBP will likely falter soon as concerns about the Omicron variant of Covid-19 recede and a reshuffle of the UK Labour Party’s shadow Cabinet is…
Crude Oil Prices Sink as Moderna CEO Warns on Omicron Ahead of OPEC+. Where To for WTI?
Crude oil succumbed to negative headlines about the Omicron variant being resistant to vaccines. Can prices recover to prompt action from OPEC+ on Thursday?
Gold, Iron Ore Forecast: XAU Drops With Inflation Bets, Iron Jumps on China News
Gold prices failed to recover with the broader market, as a stronger US Dollar and falling inflation expectations hurt the yellow metal. Meanwhile, iron ore jumped higher as China readies…
Nasdaq 100, Dow Jones, S&P 500 Technical Outlook for this Week
The Nasdaq 100, Dow Jones, and S&P 500 declined aggressively over the Thanksgiving holiday, but will downside momentum last this week? What are key levels to watch for?
Japanese Yen Technical Analysis: USD/JPY, AUD/JPY. Will Yen Weakness Resume?
The Japanese Yen strengthened significantly to end last week against USD and AUD, but technical levels lie in wait. Where to now for JPY?